Bybit Expands to the Netherlands with Bybit.nl and Satos Partnership
Bybit announces the launch of Bybit.nl, a new Dutch platform in collaboration with local bitcoin firm Satos, enhancing crypto trading services in compliance with European regulations. Bybit, a leading crypto exchange, has broadened its European footprint by unveiling Bybit.nl, its Dutch subsidiary, in a strategic alliance with the Netherlands-based bitcoin firm, Satos. This expansion, announced on […]
Bybit Seeks License in Hong Kong for Crypto Asset Trading
According to regulatory papers, the cryptocurrency exchange Bybit has sought a Virtual Asset Service Provider (VASP) license in Hong Kong. Bybit is now one of the fourteen candidates vying for a Securities and Futures Commission (SFC) license to provide services in Hong Kong. In the regulatory filing that was sent in on January 31, Bybit […]
Bybit Exchange Announces Listing of Jupiter’s JUP Token
Major cryptocurrency exchange Bybit revealed its intention to offer Jupiter’s native token, JUP, a prominent liquidity aggregator on the Solana network. According to the release from January 26, the cryptocurrency will go live on Bybit’s spot and derivatives platforms on January 31. This will be a big step toward putting Jupiter’s intended decentralized governance model […]
Bybit Extends Proof-of-Reserves to Include 32 Digital Assets
Bybit’s proof-of-reserve attestation showcases 100-124% collateralization across 32 assets as risk management takes center stage. According to a press statement dated December 20, cryptocurrency exchange Bybit has added 32 additional coins to its proof-of-reserves assessment. This audit confirms that Bybit’s reserves are equal to or greater than exchange users’ assets on deposit. According to the […]
FTX Sues Bybit in Lawsuit Aiming to Recover $953 Million
Crypto exchange FTX’s bankruptcy advisers filed a lawsuit against Bybit Fintech Ltd. to reclaim cash and digital assets valued at an astounding $953 million. According to the counsel, ByBit allegedly withdrew all of the funds shortly before FTX filed for Chapter 11 bankruptcy in November. The action, submitted on Friday, November 10, to a Delaware […]